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GOP Senate nominee Hinson: Iowans ‘shouldn’t have to foot the bill’ for Iran war

Rep. Ashley Hinson (R-Iowa), the Republican Senate candidate in Iowa, on Monday vented voters’ frustrations by declaring that Iowans “shouldn’t have to foot the bill at the pump or the checkout line for the war in Iran.” Hinson’s decision to link the seven-month military conflict to rising prices in the United States is a notable…

The HillThe HillAlexander Bolton21 Sept
  • neutral toward Republican Party · 95%

Hormuz Blockage Puts Qatar's $83 Billion LNG Bet at Risk

QatarEnergy CEO and Qatar Energy Minister Saad al-Kaabi says the Strait of Hormuz crisis could delay the company's LNG expansion because critical equipment cannot reach Qatar, Reuters reported on Monday. North Field East's first production train remains on schedule for the first half of 2027, Al-Kaabi said, but additional trains are contingent on Hormuz traffic resuming and North Field South beginning production on schedule in 2028. Iran's March 18 missile strike on Ras Laffan Industrial City knocked out two of Qatar's 14 LNG trains, removing 17%…

OilPrice.comOilPrice.comCharles Kennedy21 Sept

‘Half my day’s pay goes to filling up my car now’: diesel crisis ripples across Britain

Small traders and drivers bear the brunt of a refining shortage taking forecourt prices towards £2 a litre as wars wipe out about a fifth of global supplies The smoke rising from the Kapotnya oil refinery to the south-east of Moscow marks one of Ukraine’s biggest air raids on the Russian capital since the start of the war, and the latest salvo in an energy crisis that threatens to affect households and businesses across the globe. More than 1,500 miles away, British motorists are braced for the ripple effect from that conflict, and the US-Israel war on Iran. Average UK diesel prices are expected to reach record highs within days – while across Europe and the US , pump prices have already surpassed all-time highs. Continue reading...

The GuardianThe GuardianJillian Ambrose21 Sept

Key ally urges Trump to back US farmers amid anger over rising prices

Iowa senator Chuck Grassley calls for embargo on diesel exports as tariffs and Iran war drive up costs for sector Donald Trump is facing growing calls, including from within his own party, to boost support for US farmers as his administration faces mounting anger over its treatment of the agricultural sector. Republican senator Chuck Grassley of Iowa called on the US president to place an embargo on diesel exports this weekend and help farmers grapple with high prices. Continue reading...

The GuardianThe GuardianAriana Baio21 Sept
  • neutral toward Donald Trump · 84%

Record Diesel Prices Raise Fears of Local Fuel Shortages

Even as U.S. diesel and gasoline prices soared in the wake of the U.S.-Israeli war with Iran, both fuels remained widely available, just more expensive. Now, a few station owners are saying they are out of diesel, though this appears to be an isolated problem for the moment. However, if the diesel and gasoline supply situation does not change, more and more stations may find themselves without one or both of these two crucial motor fuels. Proximity to supply is starting to matter more and more. For example, in Texas (where many refineries and oil…

OilPrice.comOilPrice.comKurt Cobb21 Sept

Hungary Asks U.S. to Waive Tariffs Over Russian Oil Purchases

Hungary is asking U.S. officials not to levy tariffs on the central European country which still buys Russian oil, in what could be a test for the new Hungarian leader who won a landslide election victory over President Trump’s ally Viktor Orban earlier this year. U.S. lawmakers last week passed the so-called “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,” which authorizes and expands statutory sanctions, tariffs, and prohibitions on Russia and extends existing sanctions on Iran. The bill was signed into law by U.S.…

OilPrice.comOilPrice.comCharles Kennedy21 Sept